S&P 500! Stock Market trading — Tesla, Amazon, META, others
- Thread starter GNews
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META is up on shaky volume. I'm going to have to see some major volume/support at $180 to see this new level taken seriously, otherwise it's a pump. If it dips below that more than like $7 or so, look for mean reversion towards 150 if it doesn't pop right back up. This doesn't look like it will hold currently. I personally don't play looks like this, there's no confirmation of uptrend, I need to see it dip back and bounce/refuel. I'll sit and wait till the news hype and all wears off and this thing dips back below $180 cause without more news, that's what's going to happen IMO.
Potatoe
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I bought meta in June thinking, "Has this company really changed in such a fundamental way that it's worth half as much as it was a few months ago?"
Then I doubled up in November with the same thought when it tanked again. Similar idea with Peloton around $7, and Shopify around $40 CAD.
Holding onto things for now (but I took a bit off the top this week) until I feel like people are getting a bit too optimistic, then I'll sell a chunk back into cash and wait until people are acting irrationally doom and gloom again.
I'm not super keen on thinking I can beat the market picking individual stocks in the long term, especially when I'm just going off "feels" so I keep most of my portfolio in XEQT, I never want to get lucky on a few picks and start drinking my own kool aid or turning this into some astrology nonsense.
But yeah, things have been pretty good lately lol
Then I doubled up in November with the same thought when it tanked again. Similar idea with Peloton around $7, and Shopify around $40 CAD.
Holding onto things for now (but I took a bit off the top this week) until I feel like people are getting a bit too optimistic, then I'll sell a chunk back into cash and wait until people are acting irrationally doom and gloom again.
I'm not super keen on thinking I can beat the market picking individual stocks in the long term, especially when I'm just going off "feels" so I keep most of my portfolio in XEQT, I never want to get lucky on a few picks and start drinking my own kool aid or turning this into some astrology nonsense.
But yeah, things have been pretty good lately lol
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Every time profit is at least 3.5% or so, I set a stop to protect that profit. As the price moves in a favorable direction, I move the stop too. Unless the levels are clear and the thing is moving, I'm going to get out of it at the first sign of barcoding and get back in on confirmation of movement. If for some reason news breaks and people are riding the hype either direction, I'm looking at RSI, volume profile and previous levels hard to help forecast when (not if) it will crash.
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when did you buy into VVWCE?
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1 year ago I think. I'm also really big fan of cloudflare haha so I have high investment in Cloudflare.
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My entry for AMZN is $83. It's one of the blue chips stocks I'm concentrating on. For a long term hold in the long direction anything under $100 is fantastic IMO.
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You think we have a drop coming?
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I'm looking at the $94.30 level currently. Volume isn't super strong in buy direction currently. This is the point where news/hype can kick the price up real fast (fundamental catalyst). I'm looking for a test of $93 and possible break under unless there's some kind of news that can give this a kick. If this runs again, $97 is going to be a pretty big wall on the way to try to break $100 again, which I'm about 99.9999% positive it will within the next 1-2 months and probably closer to about 2-3 weeks. Most things will depend on what kind of lies and bullshit both political street gangs can conjure up and what people actually believe. Too much of this economy situation is artificial inflation and magic cup games.